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NOAA forecasts little rain for Rio Grande do Sul over the next two weeks and dry weather across southern Brazil in the second week. Inmet says La Nina is weaker than last year but will still affect southern Brazil from late November through January.
First-crop corn is beginning to pollinate.
Dryness during pollination and pod fill in southern Brazil threatens first-crop corn and soybean yields, supporting prices.
ukragroconsult.comNov 22, 2021After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
